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Utah Legislation Would Make LIHTCs Transferrable

Tuesday, January 28, 2020 - 2:45PM

Legislation introduced in the Utah state Legislature would make low-income housing tax credits transferrable and make other modifications to affordable housing in the state. S.B. 39 would allow Utah taxpayer to transfer both the federal and state LIHTC certificate to another taxpayer. The legislation would also modify requirements for distributing money from the Olene Walker Housing Loan Fund and would authorize the state Housing and Community Development Division to partner with housing authorities or other entities to provide rental assistance.

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